Which is better: term or universal Life? Universal policy Policy amount $   Upfront fees $   Portion of premiums applied to fees   % Monthly fees $   Or Yearly insurance charge (percent of policy amount)   % Or Yearly insurance fee (percent of cash value)   %   Universal policy premiums Monthly premiums Years premium paid Lump sum premiums Year lump sum due $       $       $       $       $       $       Universal policy death benefit Receive policy amount only Receive the cash value also   Your universal policy's cash value Average interest you'll earn   % Years until you claim cash value     Surrender charge   %   Term policy Policy amount $   Current premium amount $   Premium increase/renewal   % Premium payments per year     Years to remain covered     Policy term (years)       Personal information Current age     Years until your death     Your savings rate   % Your state + federal tax rate   %